Report says Indiana could shrug off any US economic slowdown

WLFI File Photo
WLFI File Photo

INDIANAPOLIS (AP) — An economic projection by Indiana University shows that the state’s economy is expected to remain solid next year despite a possible slowdown nationwide.

The Indianapolis Star reports that the Kelley School of Business’ annual economic forecast, released Thursday, shows demand for Indiana-made goods could help the state evade the nation’s economic doldrums. Indiana also benefits from having a diversified manufacturing base, including the production of advanced materials such as pharmaceuticals.

The report says some of the state’s strongest economic activity comes from the Indianapolis area.

Bill Witte, associate professor emeritus of economics, says the U.S. economy has underperformed during 2016, but that the economy will match next year and could possibly do a little better.

The experts project the nation’s output growth to average slightly above 2 percent in 2017.